Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Tenet Healthcare Corp. (NYSE: THC) was $127.68 for the day, up 3.94% from the previous closing price of $122.84. In other words, the price has increased by $3.94 from its previous closing price. On the day, 1.18 million shares were traded. THC stock price reached its highest trading level at $127.73 during the session, while it also had its lowest trading level at $123.11.
Ratios:
Our analysis of THC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 3.73 whereas as Long-Term Debt/Eq ratio is at 3.70.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $113.
On April 21, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $73.Cantor Fitzgerald initiated its Overweight rating on April 21, 2023, with a $73 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 07 ’24 when FISHER RICHARD W sold 2,500 shares for $123.20 per share. The transaction valued at 308,000 led to the insider holds 17,627 shares of the business.
Arnst Thomas W sold 8,148 shares of THC for $945,994 on May 01 ’24. The EVP, Chief Admin. Officer & GC now owns 0 shares after completing the transaction at $116.10 per share. On Mar 12 ’24, another insider, MARK RICHARD J, who serves as the Director of the company, sold 14,000 shares for $98.98 each. As a result, the insider received 1,385,720 and left with 33,303 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, THC now has a Market Capitalization of 12472165376 and an Enterprise Value of 27088164864. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.94, and their Forward P/E ratio for the next fiscal year is 14.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 3.61. Its current Enterprise Value per Revenue stands at 1.297 whereas that against EBITDA is 7.089.
Stock Price History:
Over the past 52 weeks, THC has reached a high of $124.92, while it has fallen to a 52-week low of $51.04. The 50-Day Moving Average of the stock is 25.16%, while the 200-Day Moving Average is calculated to be 60.66%.
Shares Statistics:
THC traded an average of 1.28M shares per day over the past three months and 1879070 shares per day over the past ten days. A total of 99.95M shares are outstanding, with a floating share count of 95.14M. Insiders hold about 2.61% of the company’s shares, while institutions hold 96.97% stake in the company. Shares short for THC as of 1713139200 were 3812769 with a Short Ratio of 2.99, compared to 1710460800 on 4439622. Therefore, it implies a Short% of Shares Outstanding of 3812769 and a Short% of Float of 5.09.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75.
